State Bank of Wheaton in city_name, state_name - Detailed Financial Reports, Location

State Bank of Wheaton in Wheaton, Minnesota (MN)
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State Bank of Wheaton routing number info

State Bank of Wheaton - Overview

General
FDIC Certificate #: 8827
Status: Active
Federal Reserve ID: 808354
Bank Holding Company (Regulatory Top Holder): Traverse County Investment Corporation (RSSDID: 1124369, Location: Wheaton, MN)
Date Established: January 01, 1899
WWW: http://www.sbwheaton.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 12495
FDIC's unique #: 5622
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 921 Broadway, Wheaton, MN 56296
County: Traverse
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $66.8 mil
Equity capital: $13.5 mil
Deposits held in domestic offices: $53.2 mil
Return on assets (ROA): 0.25% ($0.2 mil)
Quarterly return on assets: 0.40% ($0.3 mil)
Return on Equity (ROE): 1.19% ($0.2 mil)
Quarterly return on equity: 1.99% ($0.3 mil)
Net income: $0.2 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.25% ($167.0 mil)
Quarterly Pretax return on assets: 0.40% ($267.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
13Total employees (full-time equivalent)
$66,788Total assets
$7,053Cash and due from depository institutions
$4,227Interest-bearing balances
$7,561Securities
$8,000Federal funds sold & reverse repurchase agreements
$43,046Net loans & leases
$1,500Loan loss allowance
$0Trading account assets
$104Bank premises and fixed assets
$10Other real estate owned
$0Goodwill and other intangibles
$66,788Life insurance assets
$1,014All other assets
$53,270Total liabilities and capital
$53,200Total liabilities
$43,058Total deposits
$53,200Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$70Subordinated debt
$13,518All other liabilities
$13,518Total equity capital
$13,518Total bank equity capital
$0Perpetual preferred stock
$125Common stock
$6,875Surplus
$6,518Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$618Income earned, not collected on loans
$0Earning assets
$722Long-term assets (5+ years)
$62,834Average Assets, year-to-date
$1,068Average Assets, quarterly
$66,562Volatile liabilities
$66,687Insider loans
$45,813FHLB advances
$67,325Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$13,369Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$9,037Restructured Loans and leases
$730Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$2,812Total interest income
$486Total interest expense
$2,326Net interest income
$635Provision for loan and lease losses
$102Total noninterest income
$0Fiduciary activities
$70Service charges on deposit accounts
$0Trading account gains & fees
$32Additional noninterest income
$1,629Total noninterest expense
$978Salaries and employee benefits
$139Premises and equipment expense
$512Additional noninterest expense
$164Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$164Income before extraordinary items
$0Extraordinary gains - net
$164Net income attributable to bank
$0Net charge-offs
$164Cash dividends
$370Sale, conversion, retirement of capital stock, net
$616Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.48%Yield on earning assets
0.77%Cost of funding earning assets
3.71%Net interest margin
0.16%Noninterest income to earning assets
2.60%Noninterest expense to earning assets
0.25%Net operating income to assets
0.25%Return on assets (ROA)
0.25%Pretax return on assets
1.19%Return on equity (ROE)
-3.28%Retained earnings to average equity (YTD only)
0.81%Net charge-offs to loans
171.62%Credit loss provision to net charge-offs
2.16%Efficiency ratio
67,092Assets per employee
5.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
375.61%Loss allowance to loans
3.37%Loss allowance to noncurrent loans
242.72%Noncurrent assets plus other real estate owned to assets
0.94%Noncurrent loans to loans
1.39%Net loans and leases to deposits
80.91%Net loans and leases to core deposits
87.15%Equity capital to assets
20.24%Core capital (leverage) ratio
19.86%Tier 1 risk-based capital ratio
29.18%Total risk-based capital ratio
Memoranda
$30Average assets
$66,562Average earning assets
$13,777Average equity
$62,729Average loans

List of branches

2 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	5622	State Bank Of Wheaton	921 Broadway, Wheaton, MN 56296	January 01, 1899	Full Service Brick and Mortar
1	219045	Drive-In Facility	1001-1003 Broadway, Wheaton, MN 56296	January 17, 1978	Limited Service Facility

State Bank of Wheaton in Wheaton, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

State Bank of Wheaton - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

State Bank of Wheaton in Wheaton, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

State Bank of Wheaton - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

State Bank of Wheaton in Wheaton, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches